OneLiners
University of Tennessee Launches K-Quantum Accelerator
The University of Tennessee, Knoxville has announced the launch of the K-Quantum accelerator in conjunction with the $43 million Tennessee Quantum Initiative. The project includes Oak Ridge National Laboratory, Tennessee Valley Authority, CGI, and IonQ, with goals to establish a quantum factory, a hybrid computing node, and infrastructure for the commercialization of developments.Groq Secures $650 Million Following Nvidia Deal
AI chip developer Groq plans to raise $650 million from existing investors to expand its cloud business following a December deal with Nvidia. According to Axios, the deal was valued at $20 billion and involved the transfer of some Groq executives to Nvidia and the licensing of its hardware technologies. As reported by TechCrunch, citing Axios, investors Disruptive and Infinitium are prepared to close the round if necessary.Investor Highlights New Quantum Threat to Bitcoin
Early quantum technology investor Andrew Gault stated that the primary risk to Bitcoin infrastructure is not the hacking of wallet keys, but rather the interception of encrypted traffic between exchanges, custodians, and banks using a "collect now, decrypt later" scheme. Meanwhile, Google has planned a transition to post-quantum cryptography by 2029.Celsius Founder Seeks to Overturn 12-Year Fraud Sentence
Alex Mashinsky, the founder and former CEO of Celsius, has filed a motion in court to overturn his 12-year prison sentence, citing ineffective defense, a conflict of interest with attorneys from Mukasey & Young LLP, and the application of the "fruit of the poisonous tree" doctrine. In his appeal, he also linked Celsius's losses to alleged actions by Sam Bankman-Fried involving CEL and stETH tokens. Mashinsky had previously pleaded guilty to securities fraud charges.We use cookies to improve the quality of our service.
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